Worldwide debt worse than before the financial crisis, warns IMF
 

https://www.thetimes.co.uk/edition/b...-imf-ghl3bjr3s

"The United States was singled out for criticism, with the IMF claiming
that President Trump’s package of tax cuts and spending increases will
lead to a bigger budget deficit, when it should be coming down."

"However, the IMF said China had been the driving force in pushing up
debt levels. The country has been responsible for more than 40 per cent
of the increase in global debt since 2007. Borrowing in China rose from
$1.7 trillion in 2001 to $25.5 trillion in 2016."

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